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JPMorgan Chase (JPM -0.3%) says it is a defendant in more than 10,000 legal proceedings and may...

JPMorgan Chase (JPM -0.3%) says it is a defendant in more than 10,000 legal proceedings and may be $4.5B short of reserves needed to cover the costs in a worst-case scenario. Last week, Citigroup (C) said it might fall $4B short, while Bank of America said it might be $1.5B behind and Wells Fargo (WFC) said it might be $1.2B short.
Comments (6)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    Sounds like they need to pay out more bonuses fast while they still can.....lol
    1 Mar 2011, 09:48 AM Reply Like
  • bbro
    , contributor
    Comments (9167) | Send Message
     
    And the winners are.....the lawyers....lots of productivity for our economy....
    1 Mar 2011, 09:49 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    They have already sucked the life out of the USA..its a joke...sue me sue you ...its your fault I am fat dumb and stupid....ugly too...sue sue sue......so now the NEW one page form will be 30 pages of CYA....lol
    1 Mar 2011, 09:57 AM Reply Like
  • apberusdisvet
    , contributor
    Comments (2851) | Send Message
     
    Relax everyone; they will just extend and pretend the lawsuits until they can capture the judges; the regulators are already in the bag.
    1 Mar 2011, 10:40 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3528) | Send Message
     
    Why worry? Those banks are too big, I mean too connected to fail.
    1 Mar 2011, 10:49 AM Reply Like
  • Hitesh Patel
    , contributor
    Comments (314) | Send Message
     
    They will have to increase their revenue from the Fed I mean the taxpayor. Pay close attention to those bank fees. They will need to charge you more so they can pay you back.
    1 Mar 2011, 02:08 PM Reply Like
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